When to Wrap

I always want to wrap the Christmas presents as soon as I buy them. However, I know, for me, that's not a good idea as I'll be unwrapping them to remember what I put in there. I would label them but then if the children find them they'll also know what's in there. I would try a numbering system but I'm constantly losing my list.
My gift wrap is in my craft room but I don't do my wrapping in there. I usually end up wrapping all my gifts on Christmas Eve. My children are allowed to open anything in their stockings in exchange, they are not to wake up mom or dad. I am usually up around 7 or 8am on Christmas morning so they really don't have to wait that long. They haven't complained yet.

Wrapping Center

In order to keep my sanity while getting things organized and ready for Christmas, I set up a small wrapping center. Its just a place to keep wrapping supplies together. I have one of the under-the-bed boxes. I put wrapping paper, tape, scissors, ribbon and curling ribbon in that box. Because that box isn't very big, I have other box in the same area where I put gift bags, gift boxes and tissue paper. I wish I had a dedicated spot like my mother-in-law. My father-in-law built her some cabinets in her laundry room. Under one of the cabinets he put a small counter. In it she has all her wrapping gear like what I have in mine but much better organized. How do you stay organized for the holiday season?